Sideway Friday 🙃

It was a wild day on top of a wild week, where midday losses quietly turned into a green close. As oil surged through $90bbl this week the energy sector was today’s sector leader, adding 0.7%. Aussie tech found some love after a tough US-led week, ZIP managing to add 3%. Today’s top performers were strange bedfellows News Corp, Qantas and Liontown. News Corp at least beat the street to earn its 6% pop. REA flagged a record dividend but early gains were wiped out by the close. ARB was sitting at the bottom of the ladder all day until it was edged out by a 4.5% slide in Seek. Overall, it was a rollercoaster week that tested investor resolve. The S&P/ASX200 closed up 42 points or 0.6% on the day, and is 4% above the January 27 low.

Our top three VODs:

Sifting through the rubble of Meta's massive miss

RBA won't admit to trashing housing affordability

No need to panic out of right priced equities: Swift

Hosted on Acast. See acast.com/privacy for more information.